No Channel Channel.

Memes can shape beliefs even if they're not true. Take the 21 million Bitcoin meme - while it's unlikely to hold up under Bitcoin's current security model, it's simple, memorable, and has onboarded countless people into the space. Sometimes the power of a meme is worth more than the truth

/ethereum foundation | control the memes control the minds paragraph.xyz/@chaskin

TLDR every 4 years miners pay gets cut in half, that's not long term sustainable. Imagine a bank cutting it's security guards salaries in half every four years

and the idea is that it wouldn't be economical for miners to continue operating due to solely tx fees not sufficing compute costs?

what if tx fees increase inversely proportional to mining rewards

That's a big "what if." Over 90% of miners rev comes from new issuance, even in the "ordinals era." While it’s theoretically possible, I find it highly unlikely

Bitcoiners who claim there will only ever be 21M BTC know deep down it might not be true but the meme is too powerful. I don't blame them for pushing it